SINGAPORE, April 10, 2024 /PRNewswire/ — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced its investment in Tomo, a Web3 social finance (SocialFi) protocol.
This investment underpins OKX Venture’s commitment to supporting innovative blockchain technology and Web3 social platforms that redefine the way users connect and interact with each other online.
Tomo’s impactful product features and forward-thinking roadmap set it apart in the Web3 SocialFi space, providing a unique platform for content creators, influencers and prominent personalities to nurture direct connections with their fans and followers. Its seamless integration of Web2 and Web3 realms and innovative approach to creator exclusivity and content monetization is revolutionizing the industry.
Tomo’s commitment to fostering on-chain activity on Layer 2s like Linea and Base further positions it as a significant player in the SocialFi space. In a rapidly evolving digital landscape, Tomo users can collaborate to create content, gain tokenized access to chat rooms and enjoy direct messaging features.
OKX Ventures Founder Dora Yue said: “Tomo is a thriving community where users have the autonomy to manage, share and reap benefits from their content creation. With an impressive roster of over 350,000 registered community members in Tomo, we see tremendous potential in this truly user-centric platform. We’re incredibly excited about the future of Tomo and the innovative ways it continues to disrupt traditional social networking paradigms.”
Expanding its creative horizon, Tomo has launched Tomoji, an innovative ERC-404 meme launchpad, allowing users to create and trade personalized emojis. In collaboration with artist Sean Kyah Koons, they released the dragon-themed ‘LONG’ collection. Tomoji enables fractionalization of NFTs, facilitates minting, gifting, and trading, and allows trading on exchanges. Tomo also introduced TomoID, a social wallet with a link-in-bio tool and an affiliate program. Users can connect their social media profiles, and earn rewards through Tomo Points. This roadmap highlights Tomo’s commitment to a dynamic user ecosystem.
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About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
About Tomo
Tomo is a Web3 social app that transforms your online presence into a universal social wallet, fostering genuine, spam-free connections, and financial incentives. Engage directly with creators, participate in private discussions, and explore the new generation of digital art with Tomoji. Active participation earns you Tomo Points, enhancing your social capital. Join Tomo, where your social capital is valued.
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SOURCE OKX Ventures
